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The new minimum wage rule for larger firms will be assessed at the group level and not individual subsidiaries, Human Resources Minister Datuk Seri R Ramanan said.
Treasury Secretary-General Tan Sri Johan Mahmood Merican says the delayed RM2,000 minimum wage implementation allows MSMEs time to adapt their business operations.
The exemption aims to give eligible businesses time to adjust their finances and operations, as the wage increase is expected to benefit more than 4mn workers.